Morgantown, W.Va.-based WVU Medicine Children's Hospital is forming an affiliation with WVU Medicine Wheeling (W.Va.) Hospital and Glen Dale, W.Va.-based WVU Medicine Reynolds Memorial Hospital to enhance care in the area for children, WVNews reported Oct. 15.
Transactions & Valuation Issues
East Orange (N.J.) General Hospital will be acquired by its new for-profit operating company, EOH Acquisition Group, led by hospital CEO Paige Dworak, New Jersey Business Magazine reported Oct. 15.
Eleven transactions involving hospitals and health systems have been announced, finalized or advanced since Oct. 1:
Goldman Sachs Asset Management and Charlesbank Capital Partners completed their acquisition of MDVIP, a national network of 1,100 primary care physicians.
Boston Children's Hospital hopes to enhance mental healthcare services by acquiring Brighton, Mass.-based Franciscan Children's Hospital, the organizations announced Oct. 12.
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Dickinson County Healthcare, a single-hospital system with several clinics based in Iron Mountain, Mich., plans to join Marshfield (Wis.) Clinic Health System.
St. Louis-based SSM Health has abandoned its plan to sell a Missouri hospital to Brentwood, Tenn.-based Quorum Health, according to the News Tribune.
VMG Health, the market leader in providing full-service healthcare advisory, consulting and transaction related services, is pleased to announce it is expanding services in the advisory division to support clients’ ever evolving needs.
Citing underperformance and "untenable" status quo, one of the largest investors in Healthcare Trust of America urged the company to launch a strategic review and explore a potential sale of its real estate trust.
The percentage of hospitals financially subsidizing their anesthesia groups has been reported in excess of 80% for many years and is expected to rise even more.